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  1. AgainstAllOdds

    What's a reasonable payment to a freelancer for finding prospects and closing them?

    PEOPLE 
    A good salesperson in a market like the U.S. will run you $100k a year with bonuses. Calculate 255 business days, so $392 for a day's work. Is it reasonable that a salesperson will close one person per day? No? What about one per week? One per week seems more reasonable, so $392 * 5 = $1,960...
  2. AgainstAllOdds

    My Personal Warning Alarm On Coronavirus - 1 MILLION+ Deaths

    HOT! PEOPLE 
    Probably drone. If you're a billionaire with a yacht, having a drone costs you virtually nothing.
  3. AgainstAllOdds

    Does it still make sense to sell N95 Masks?

    HOT! SIDE HUSTLE 
    China is expecting a second wave - so they put huge limitations on PPE exports as of April 1st. The only products that can be exported are those that have Chinese and American certifications. Very few companies have that - and the few that do are operating as a cartel to skyrocket prices...
  4. AgainstAllOdds

    Being Productive During This Crisis

    MINDSET RANT 
    This is the optimal time to improve yourself. Whoever's not improving themselves is just looking for excuses.
  5. AgainstAllOdds

    You think people would be into youtube videos of me riding around NYC during corona lol

    OFF-TOPIC 
    Do it. If you're doing it to get to work then ignore the haters. No harm. Just extra perspective to what's going on.
  6. AgainstAllOdds

    So, I Got An Offer to Sell My Business... (I'm 25 Years Old)

    HOT! 
    @Jon Anthony - Be careful with the advice you're taking in this thread at this time. The only person that can make a decision on your business is you. The overwhelming majority is looking at your business from the same lens right now: the economy is tanking, affiliate marketing businesses are...
  7. AgainstAllOdds

    Quarantine Fitness - What's Your Routine?

    HOT! HEALTH 
    P90x. Just three days a week for now. Chest/Back Shoulders/Arms Back/Legs Skipping yoga and cardio. Will slowly integrate HIIT jump roping when the weather gets a little warmer. Enjoying it a lot so far. Great workout.
  8. AgainstAllOdds

    Calling a product MADE IN... without it being true.

    RANT 
    In the U.S. there's virtually no punishment for saying Made in USA. Look up Walmart, etc. There's only a few cases that the FTC ever prosecuted. In Italy, my guess is that it's similar. The best way to capitalize on the knowledge you have is by exposing the companies if you plan to compete...
  9. AgainstAllOdds

    BUY OUT: How to find fair market multiple and value

    And no. You don't look at the first few months. Look at today's earnings. If the expectation is that they'll be growing with no risk, then last month is what you'll be multiplying by. That's because it's fair to assume that your partner will increase the profitability over time since it's...
  10. AgainstAllOdds

    BUY OUT: How to find fair market multiple and value

    This. The multiple is likely 3-5x your current income. Considering that it's a startup, I'm not sure how much money you'll get. I'd look at a fair market rate for your efforts and put the number around there.
  11. AgainstAllOdds

    The Worldwide C0VlD-19 Coronavirus Pandemic Discussion Thread...

    HOT! 
    @MoneyDoc BYD is the world's largest manufacturers of the masks you requested. The car manufacturer. I'd get in contact with them. Pricing was around $0.25 a mask last I heard.
  12. AgainstAllOdds

    Does it still make sense to sell N95 Masks?

    HOT! SIDE HUSTLE 
    My friend and I imported around 2,000 masks. Had a couple friends from here introduce me to their supplier. Price was $1.09 per mask. Landed was $1.34. We sold 2,000 in a day @ $3 each. The market price was $7 to $10 when we pulled the trigger. We weren't in it for the money, as much as the...
  13. AgainstAllOdds

    Tariffs Delayed?

    https://politicalwire.com/2020/03/27/u-s-to-stop-collecting-import-tariffs-for-3-months/ Could be great for importers. This will delay about $30k+ in tariffs I have on products coming soon. Probably $100k over these three months. Will help a lot for us importers with unpredictable cashflow.
  14. AgainstAllOdds

    RECESSION-PROOF Business Models?

    HOT! 
    Right now look at the list of business that are categorized as "essential business" by the government. Those are the businesses considered essential in a crisis.
  15. AgainstAllOdds

    Amazon Prime delivery time is now 29 days!

    HOT! 
    No one's waiting a month on a non-essential good. They'll go to a local store and pay more, find it on another site that can ship right away, or give up on the purchase. The problem isn't the product and the value of the product. It's the distribution channel - which is a vital component of...
  16. AgainstAllOdds

    Does it still make sense to sell N95 Masks?

    HOT! SIDE HUSTLE 
    Naw. It's not gonna be two weeks. Will be closer to 2-3 months. Look at the China trajectory. We're not doing the same protocol they are. Going to be F*cked.
  17. AgainstAllOdds

    Is now the time to go all in?

    MINDSET 
    It depends on your business. If your business isn't affected by corona, then go all in. If it is significantly, then take a step back and get a job while looking for something else. But you have 2 years of savings saved up. Just got for it.
  18. AgainstAllOdds

    Loans @ 3.75% - Come get 'em

    https://disasterloan.sba.gov/ela/Declarations
  19. AgainstAllOdds

    The Silver Lining: How are you going to increase your business during the corona virus?

    MINDSET 
    Silver Lining #2: Accounts receivable going down. Calling clients and telling them that ports are getting closed - that we're trying to bring over whatever product we can before it's impossible to bring anything else over. We've provided a good service to clients, so now they're understanding...
  20. AgainstAllOdds

    The Silver Lining: How are you going to increase your business during the corona virus?

    MINDSET 
    One principle that I live by: With any significant event in life, there's a before and after. How things were before and how things are after. The after is determined by how you react to the event and the mindset that you have during event. The most recent event: The coronavirus. As of now...

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